XML 43 R28.htm IDEA: XBRL DOCUMENT v3.22.1
Earnings Per Share and Per Unit
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share and Per Unit Earnings Per Share and Per Unit
The following table sets forth the computation of basic and diluted earnings per share of the Company:

Three Months Ended March 31,
20222021
Earnings per Common Share - basic:
Numerator:
Net income$42,103 $56,855 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(965)(1,493)
Net (income) attributable to noncontrolling interests in consolidated affiliates
(257)(281)
Dividends on Preferred Stock(621)(622)
Net income available for common stockholders$40,260 $54,459 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
104,933 103,963 
Net income available for common stockholders$0.38 $0.52 
Earnings per Common Share - diluted:
Numerator:
Net income$42,103 $56,855 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(257)(281)
Dividends on Preferred Stock(621)(622)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$41,225 $55,952 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
104,933 103,963 
Add:
Stock options using the treasury method15 
Noncontrolling interests Common Units2,505 2,839 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
107,453 106,810 
Net income available for common stockholders$0.38 $0.52 
__________
(1)Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:

Three Months Ended March 31,
20222021
Earnings per Common Unit - basic:
Numerator:
Net income$42,103 $56,855 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(257)(281)
Distributions on Preferred Units(621)(622)
Net income available for common unitholders$41,225 $55,952 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,029 106,393 
Net income available for common unitholders$0.39 $0.53 
Earnings per Common Unit - diluted:
Numerator:
Net income$42,103 $56,855 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(257)(281)
Distributions on Preferred Units(621)(622)
Net income available for common unitholders$41,225 $55,952 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,029 106,393 
Add:
Stock options using the treasury method15 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions
107,044 106,401 
Net income available for common unitholders$0.39 $0.53 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.